Ethereum Creator Vitalik Buterin Has High Hopes for Ethereum’s Price in 2023 But AltSignals’ New Token Is Gaining Interest

The Ethereum price prediction is getting increasingly bullish after Vitalik Buterin’s recent comments about the network. However, it remains to be seen whether Ethereum can outperform the AltSignals ($ASI) crypto presale, as the new token is an exciting initiative that will serve a large existing Web3 project.

Vitalik Buterin’s bullish crypto market predictions

Vitalik Buterin’s crypto market predictions forecast bullish Ethereum price action over the coming years. In a recent podcast appearance, Buterin highlighted the launch of Ethereum during the 2015 bear market, the launch of Uniswap in 2018, and the completion of The Merge in 2022, as key technological advancements that have and will move the industry towards mass adoption.

The crypto market predictions from Vitalik Buterin have produced the largest ecosystem of decentralized applications (dApps) since Ethereum was launched in 2015. The Ethereum price prediction grows increasingly bullish with every market cycle, as crypto market predictions forecast that the Ethereum ecosystem will remain the largest ecosystem in Web3.

What is Ethereum?

Ethereum (ETH) was the first Turing complete blockchain. This means that it could support smart contracts and the development of dApps, which has led to over 2000 independent blockchain projects being built on the Ethereum network.

Ethereum originally used a proof-of-work consensus mechanism. This caused congestion on the network as it grew, leading to slow transaction speeds and expensive gas fees. In 2022, Ethereum successfully transitioned to a proof-of-stake consensus protocol, which reduced the blockchain’s energy costs by 99%.

Ethereum price prediction: Can ETH reach $2500 in 2023?

The Ethereum price prediction is bullish, in line with the rest of the crypto market predictions. After rising 60% from its recent lows, the Ethereum price prediction now targets higher levels before the end of 2023.

ETH has a key resistance level at the $2400 price level. The Ethereum price prediction forecasts that ETH will struggle to break through this resistance before the end of 2023, as it may retrace before reaching $2500.

The wider crypto market predictions remain bullish on the long-term future of Ethereum. Crypto market predictions for the Ethereum network,which take layer-2 scaling solutions and thousands of independent dApps into consideration,…